Tuesday
The INDEC will release the Survey of supermarkets and wholesale supermarkets for the month of August. In July, sales in supermarkets showed growth, registering an expansion of 4.2 year-on-year at constant prices and it was the second consecutive month in growth. It is expected to see whether or not the trend is maintained with the new figures, taking into account the inflation variable.
The Central Bank will also publish the report on private external debt, a quarterly publication that exposes and analyzes the evolution of the external debt of the private sector, with an opening at the level of the main debt instruments.
Wednesday
Ministry of Economy will carry out the second tender of the month in Treasury Liquidity Bills (LELITES) to obtain financing. On this occasion, the issuance period will be 25 days with expiration on Tuesday, November 23, 2021. Thes Liquidity Bills of the National Treasury (LELITES), aimed exclusively at the Common Investment Funds.
The instrument includes an early prepayment option of up to 40% of the invested balance, explained the economic portfolio. “It generates incentives for more investors to turn to the Treasury by increasing financing in pesos and strengthening the public debt market in pesos”, indicated from the Ministry of Finance.
Thursday
central bank will publish the monthly report on the financial system, with emphasis on the financial intermediation activity with the private sector (deposits and credits) and the provision of means of payment, the evolution of the quality of the financing portfolio, the performance of the main indicators of liquidity, profitability and solvency, as well as the changes evidenced in the mismatches faced by the sector. Relevant regulatory developments that influence the activity of financial institutions are included.
Friday
The National Institute of Statistics and Censuses (INDEC) will release the Salary Index for August on Friday and the focus will be on whether the gap with inflation widens or narrows.
In the July data, the evolution of wages in the total economy showed a growth of 47.4% in the last 12 months, representing a difference below four percentage points with respect to the Consumer Price Index (CPI) for the same period, which stood at 51.8%. When segmenting the general number between registered and informal wages, a marked disparity is observed.
On the side of blank jobs, the private sector accumulated an increase of 51.1% in the referred period, just a few tenths below inflation, while in the public sector the accumulated recomposition was 47.3% . Meanwhile, among informal workers the increase reached 37.4%, representing 14.4% less than last year’s inflation.
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